Belgium: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in Belgium

In 2022, the Belgian mixed fertilizer market increased by 94% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Belgium

In value terms, mixed fertilizer production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then contracted in the following year.

Mixed Fertilizer Exports

Exports from Belgium

In 2022, the amount of mixed fertilizers exported from Belgium shrank to X tons, reducing by -13.2% against the year before. In general, exports saw a slight setback. The pace of growth appeared the most rapid in 2013 when exports increased by 35%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, mixed fertilizer exports soared to $X in 2022. Overall, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of mixed fertilizer exports from Belgium, with a combined 51% share of total exports. Germany, China, Mexico, Greece, Gabon, Brazil, Italy, Ghana, Malaysia and Thailand lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +36.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and the Netherlands ($X) were the largest markets for mixed fertilizer exported from Belgium worldwide, with a combined 48% share of total exports. Germany, China, Mexico, Italy, Gabon, Greece, Malaysia, Thailand, Brazil and Ghana lagged somewhat behind, together comprising a further 34%.

Ghana, with a CAGR of +34.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, with an increase of 49% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer export price increased by +100.2% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in purchases abroad of mixed fertilizers, when their volume decreased by -29.8% to X tons. Over the period under review, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports shrank to $X in 2022. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of mixed fertilizer imports to Belgium, together comprising 87% of total imports. Morocco, China, France, Norway and Finland lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed fertilizer suppliers to Belgium were Russia ($X), Germany ($X) and the Netherlands ($X), together accounting for 80% of total imports. Morocco, China, France, Norway and Finland lagged somewhat behind, together comprising a further 15%.

China, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, picking up by 39% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by +79.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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